Question · Q3 2025
Shaun Clisby Kelley inquired about the company's emerging thoughts on the landscape of prediction markets, their potential implications for the Kentucky Derby, and whether any operators have approached Churchill Downs for sponsorship or other partnerships.
Answer
CEO Bill Carstanjen clarified that horse racing wagering in the U.S. is governed by the federal Interstate Horse Racing Act, distinct from state-by-state sports wagering. He stated that Churchill Downs will approach prediction markets to explain the legal framework, has no current deals or discussions with them, and will pursue all rights and remedies if the Act is violated.